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Return on equity of Indian manufacturing hits 10-year low; Citi
RoE, or return on equity, measures net profit as a percentage of net worth, indicating a firm's profitability and efficiency in using shareholder funds. Read more
Indian Economy gains momentum by private investments surge
According to the survey conducted in September, two-thirds of the respondents expect a rise in sales and new orders in the second quarter of FY24.Read more
Industrial investments in India to rise 30% in FY22-24: CRISIL
Without PLI scheme, capex would have likely taken nearly two years to touch pre-pandemic levels, says CRISIL Research. PLI holds the potential to generate Rs 2.2 lakh crore worth of capex over the scheme period (3-4 years).Read more
ReNew Power secures OPIC debt funding of $350m
ReNew Power Limited has secured fresh debt financing of up to $350 million from the Overseas Private Investment Corporation (OPIC), the US government’s development finance institution.Read more
Economic Survey predicts 7-7.5% GDP growth in 2018-19
As a result of a series of major reforms undertaken over the past year, India’s real GDP growth will reach 6.75% this fiscal and will rise to 7-7.5% in 2018-19Read more